Default from COVID
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  1. #1
    Senior Member Reputation points: 242074
    Join Date
    Feb 2017
    Posts
    3,463

    Default from COVID

    Jewelry dealer (flipper, no store-front, he does parties and private displays and sales), default with EBF when he was hospitalized during COVID and his FICO also took a hit. No new positive payment history. LCF rejected, East Shore is looking at it (they take forever), and I don't want to throw him to the dogs. He knows he's looking at 45-60 payments at an insane rate, but his margins are high enough that it makes sense for him. Good bank statements, 40k/month.

    Any other funders want to take a look at this, he's expecting to hear back on on Monday. If you're a broker pretending to be a funder, I'll very likely know, so please don't even bother trying.

  2. #2
    Senior Member Reputation points: 12707
    Join Date
    Nov 2019
    Posts
    691

    Did he satisfy the default after he got out of the hospital and went back to work?

  3. #3
    Senior Member Reputation points: 242074
    Join Date
    Feb 2017
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    3,463

    Paying it off on chunks. 2500 left. They forgot about him and only started the collections process in December or something. Scott I'll send you the file

  4. #4
    Send it our way bg@fundprollc.com

  5. #5
    Senior Member Reputation points: 242074
    Join Date
    Feb 2017
    Posts
    3,463

    Risker, I am NOT sending business to anyone who doesn't have at least some sort of online presence that's more than a website that takes less than 2 hours to set up. Can anyone else on the board that is trustworthy vouch for you? "Fund Pro LLC" doesn't even exist as an LLC online. There's E Fund Pro LLC in Florida, but is that you?

  6. #6
    Banned Reputation points: 14
    Join Date
    Feb 2023
    Posts
    13

    submissions@livfunding.com (heads up he's looking at a 30day deal term: better than nothing if no one else has offers to give)

  7. #7
    Hello Micah,

    I can help you out with this one, please feel free to email me.

    email: erika@clarityadvance.com

  8. #8
    Send it over, I'll gladly give him a starter
    We specialize in funding:
    Deals w prior Defaults
    "Over Leveraged" deals
    All Positions (as long as there is space)
    Low FICO scores
    and all other "difficult" deals

    To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
    I look forward to hearing from you.

    Rasheed Miller
    (917) 933-3095 (text or call)
    https://supremefunding.net/

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